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18 No.: 081/BR-BOD/IV/16 Jakarta, 20 October 2014 INDONESIA STOCK EXCHANGE Gedung Bursa Efek Indonesia, Tower 1 Jl. Jend Sudirman Kav Jakarta Attn. : Bapak I Gede Nyoman Yetna Head of Division for Evaluation of Group I Companies Dear Sir: Regarding: Explanation of PT Bumi Resources Tbk ( the Company or BUMI ) over News Stories In response to electronic mail of the Indonesia Stock Exchange No. S /BEI.PP1/ of 15 April 2016, regarding request for explanation in respect of news stories ( IDX Letter ) on: No. Daily Papers Titles Date 1. Kontan Court Settlement for BUMI Restructuring 15 April Bisnis Indonesia BUMI poised for Restructuring 15 April 2016 We hereby furnish the following explanation: 1. Based on the attached news stories, the PKPU Petition was lodged with the Commercial Court on 6 April Please explain: a. The veracity or accuracy of the news story mentioning that the date of the filing of the PKPU petition was 6 April 2016.

19 b. The consistency of the Company s submission on 14 April 2016 with Art. 6.p of OJK Rule No. 31/POJK.04/2015 and Provision No. IV.2.14 of the IDX Rule No. I-E. Answer: (a) The Kontan headline is suggestive. Both stories appear to draw upon the plaint of the petitioner to which our response has been submitted. We are unable to comment on its contents as matter is still being heard for evidence. (b) After receiving court summons on 8 April 2016, the Company continues to seek amicable settlement with Castleford. Therefore, the Company has decided to postpone its submission of information to IDX, awaiting an out-of-court settlement. However, until the first court hearing held on 14 April 2016, no settlement has been reached with Castleford. 2. Based on Financial Statements as of 30 April 2015, you mentioned a number of debts with the following details: Creditors Castleford Investment Holdings Ltd (Castleford) Amount (USD) Maturity Dates Descriptions Desember 2015 Restructuring process in accordance with information disclosure dated 30 Sept Filing of PKPU Petition, with the first court hearing held on 14 April Country Forest Facility In Default Restructuring Process in Senior Guaranteed Notes II accordance with Information China Development Bank Disclosure dated 30 Facility December Senior Guaranteed Notes Axis Bank Limited Facility

20 Credit Suisse Facility Credit Suisse Facility Raiffesien Bank International Facility UBS AG Facility Deutsche Bank Facility Convertible Bonds Sub Total Credit Suisse April 2015 Credit Suisse Facilityb April 2015 Bank Muammalat Facility April 2016 Due Bank Bukopin Facility Juli 2016 Hartman International Pte. Ltd. Singapore Paradiso Resources Ltd Virgin Island Others Sub Total Total Please explain: a. Why did Castleford reject the debt restructuring proposal that the Company has submitted to it? Please explain? Answer: In our opinion, the reason could be that Castleford were not part of the secured lenders and was only offered equity in exchange for its debt. b. Please provide us with an update of the debt restructuring process which the Company has been conducting in respect of its debts. Answer: The attached term sheet has been circulated to all secured lenders and we believe it generally has majority support. We hope to finalize the discussions soon. Attention is drawn to the disclaimer that required regulatory and other approvals will be obtained.

21 c. In the event that there are some creditors opposing the restructuring process proposed by the Company, please mention such creditors and their reasons for not accepting your proposal. Answer: We are not aware of any direct objection to the latest term sheet circulated. d. Amount of interest outstanding in respect of the debts. Answer: Interest outstanding as of 31 March 2016: Facilities Interest Outstanding Facilities Interest Outstanding CIC US$ million CDB Loan US$ 50.8 million CS Loan 1 US$ 35.8 million Axis Loan US$ 5.5 million DB Loan US$ 5.9 million UBS Loan US$ 6.5 million RBI Loan US$ 11.1 million CS Loan 2 US$ 15.6 million Castleford Loan US$ 4.3 million Convertible US$ 58.2 million Bonds 2016 Notes US$ 68 million 2017 Notes US$ million Note: These numbers are only estimates and unaudited, subject to reconciliation/confirmation with/from lenders. The figures might change after said process. e. Draft composition plan the Company is going to put forward in respect of the PKPU petition in the event of rejection by the creditor for an out-of-court settlement. Answer: We are preparing for this contingency and will arrange disclosure in this unlikely event.

22 f. Are there any lawsuits from other creditors aside from PKPU Petition by Castleford? Answer: Aside from Castleford, there are no other creditors filing a petition for PKPU against the Company with the Commercial Court of Central Jakarta. We highly appreciate your utmost concern. Yours Truly, PT Bumi Resources Tbk. Dileep Srivastava Direktur & Corporate Secretary CC: Head of Division in charge of the evaluation of Group I Companies